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Spear Alpha ETF SPRX:NASDAQ

Last Price Today's Change Today's Volume Schwab Report CardSchwab Report Card
$12.89 -0.0622 (-0.48%) 446 Average 
As of 2:28 pm ET 11/29/2022

Fund Performance

 

Fund Strategy

The investment seeks long-term capital growth.The fund is an actively-managed exchange-traded fund (“ETF”) that will invest primarily in equity securities, including common stock or American depositary receipts (“ADRs”) of companies that Spear Advisors LLC (the “Adviser”) believes are poised to benefit from breakthrough innovation in industrial technology. The Adviser defines “innovation in industrial technology” as those technological developments that are transforming or have the potential to transform the industrial sector. It is non-diversified.

Additional Information
Additional Information

Holdings: ETFs offer investors an interest in a portfolio of securities and other underlying assets and are therefore quite similar to mutual funds. One unique ETF feature is transparency, allowing investors to see the underlying portfolio securities on a daily basis.

:
Details as of 2:28 pm ET 11/29/2022
Today's Open$12.89
Previous Close$12.9522
Day's Range$12.89 - $12.89
52 Week Range$11.4504 - $22.70
Closing NAV 11/28/2022$12.96
Premium/Discount 11/28/2022-0.03%
Avg. Volume (10 Day)555
Put/Call Ratio (1 Day)--
Put/Call Ratio (30 Day)--
Distributions & Yields
Previous Dividend Payment--
Previous Pay Date--
Previous Ex-Date--
Distribution Yield TTM  
Distribution Yield is the Trailing 12-Month End Yield - Morningstar computes this figure by summing the trailing 12-month's income distributions and dividing the sum by the last month's ending Net Asst Value (NAV), plus capital gains distributed over the same time period. Income refers only to interest payments from fixed-income securities and dividend payments from common stocks.

Calculated at month end:
Income

(NAV + Capital Gains)

x 100%

0.00%
SEC Yield (30 Day)-0.46%
Fund Profile
Fund TypeExchange Traded FundTotal Assets$2.9M
Inception08/03/2021Gross Expense Ratio0.75%
Total Holdings17Net Expense Ratio0.75%
 
Leveraged Exchange Traded Products

Leveraged ETPs (exchange-traded products) typically use derivatives to attempt to multiply the returns of the underlying index each day. These securities trade much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-leveraged counterparts. It is important to remember that these securities are generally designed for daily use only, and are generally not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s multiple of the underlying index over those periods. These funds are not appropriate for most investors.


Leveraged Closed-end Funds

Funds that borrow money to purchase more assets in this way will generally move up more than the market when the market rises and move down farther than the market when the market falls. Bond funds that use leverage have the potential to increase the amount of income that they pay out, but at the cost of larger drops in value during a falling market. Leverage inherently increases the level of risk in a portfolio.

NoPortfolio Turnover--
 
For ETFs, this refers to the number of times the fund is long or short the index to explain its leverage factor. For example,
-300 means that the ETF is short 3 times the index.
-- 
ESG Fund

Environmental, Social, and Governance (ESG) is the industry term Schwab has chosen to use as an umbrella term to describe various investing approaches that consider not only traditional measures of risk and return, but environmental, social, and corporate governance (ESG) factors as well. Schwab uses ESG to broadly encompass ESG investing , but also investing approaches described as "values-based investing," "impact investing," "sustainable investing," and other approaches. An ESG product may apply ESG factors to its investment or governance processes in many different ways. A product that employs ESG strategies may choose to focus on one or more ESG factors, though an ESG product may also include securities that don't fit any ESG category. The information displayed utilizes the Morningstar "Sustainable Investment - Overall" datapoint. Click here to learn more about ESG at Schwab.

0222-22DC

Yes
Fund CompanySpearActive Semi-transparent 
Active Semi-transparent ETFs

Active semi-transparent ETFs reveal full portfolio holdings only on a monthly or quarterly basis, not daily like traditional ETFs. There are different degrees of transparency as some firms will not disclose any daily holdings and others will reveal holdings daily, but shield certain positions and weights. Certain active semi-transparent ETFs may not be available for purchase or custody at Schwab.

1120-0XLE

No
Morningstar Category 
Specialty-technology funds buy high-tech businesses. Most concentrate on computer, semiconductor, software, networking, and Internet stocks. A few also buy medical-device and biotechnology stocks and some concentrate on a single technology industry.
Technology 

Buffer ETFs provide investors with the opportunity to participate in the upside of an asset’s risk while giving investors some level of downside protection during a stated outcome period (typically one year). An upside return cap represents the maximum percentage of return an investor can achieve, and an investor will not participate in any excess returns above the cap. Buffer ETFs may limit an investor’s losses up to an ETF’s stated buffer limit; however, in the event of a decline in the underlying investments in excess of the buffer limit, the investor can experience those losses. Return cap and downside buffer levels for a Buffer ETF are established at the beginning of each outcome period and will likely differ from the prior outcome period. Buffer ETFs invest primarily in FLexible EXchange (“FLEX”) options to employ a structured or defined outcome strategy.

0721-13DB

No
 
Inverse

Inverse ETPs (exchange-traded products) typically use derivatives to attempt to move in the opposite direction of the underlying index by a certain multiple each day. They generally have either a negative number like –1x or –2x or a term like “short” or “inverse” in their names. These securities trade much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-inverse counterparts. It is important to remember that these securities are designed for daily use only, and are not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s negative multiple of the underlying index over longer periods. These funds are not appropriate for most investors.

No  
Quarterly Total Return as of 09/30/2022
 Annualized
Trend
1,5,10 Year
Annualized Returns
Description1 Year5 Year10 YearInception
08/2021
SPRX Market Price
-33.7%-----30.0%
SPRX NAV
-33.7%-----30.1%
TechnologyMorningstar Category
-35.0%+9.4%+13.9%--
MSCI ACWI NR USDBroad-Based Index
-20.7%+4.4%+7.3%+5.0%
Datasource: Morningstar
All performance periods are based on closing daily prices.
View Performance

Top 10 Holdings as of 11/25/2022

Symbol
Description
% of Net Assets
Sector
YTD
Chg. %
NVDANVIDIA Corp
  • 10.8%
Information T...-46.2%
ZSZscaler Inc
  • 9.4%
Information T...-57.5%
AMZNAmazon.com Inc
  • 7.4%
Consumer Disc...-43.6%
MRVLMarvell Technology Inc
  • 7.1%
Information Technology-51.2%
SNOWSnowflake Inc Ordinary Shares - Class A
  • 6.6%
Information Technology-58.4%
CRWDCrowdStrike Holdings Inc Class A
  • 6.1%
Information Technology-31.9%
NETCloudflare Inc
  • 6.0%
Information T...-65.4%
UUnity Software Inc Ordinary Shares
  • 5.0%
Information Technology-75.2%
HUBSHubSpot Inc
  • 4.9%
Information T...-56.2%
NIONIO Inc ADR
  • 4.8%
Consumer Disc...-68.1%
% of portfolio in top 10 holdings: 68.17%
View Portfolio, All Holdings

Investment Style & Rating

Morningstar Investment Style

Large
MidMarket Cap
Small
ValueBlendGrowth
Investment Style
Style Box is calculated only using the long position holdings of the portfolio.
Technology
Specialty-technology funds buy high-tech businesses. Most concentrate on computer, semiconductor, software, networking, and Internet stocks. A few also buy medical-device and biotechnology stocks and some concentrate on a single technology industry.

Morningstar Rating

Ratings are not available for SPRX.

Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weighted average of the fund's 3, 5 and 10 year (Morningstar Rating) metrics.

 
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(0811-4794, 0813-5488, 1016-N2DC, 1017-7KFC, 1019-95HX, 0620-0EYJ, 0721-13DB, 0821-1ET8, 1221-1CZU, 0222-1024, 0222-22DC)